New Construction Loans in Tallassee, Alabama

A total of 23 records for construction hard money lenders were found in Tallassee, AL.
Loan amounts average about $286,072. The median rate for hard money loans in Tallassee is 11.2%.
12 months is the median term for loans issued in this city. The mean origination fee for the loans is 2.7 points.
Lenders in Tallassee average a 73% loan to value on their loans.

Loan Example 1

Lara
is a real estate investor and decides to acquire a land plot in Tallassee, AL and build a new single family home.
Lara
estimates that the construction expenses will be approximately $400,000 and the lot is listed for $270,000.
In order to fund the project, she takes a new construction loan from Famous Investments
. They contract to issue a loan with a 8% rate of interest for 12 months and five origination points to be paid when the deal closes. They also agree to fund 65% of the aggregate expenses (the loan-to-value / "LTV").
There are no pre-payment penalties on the note and construction expenses will be paid out in a few draws.
The borrower will be required to pay $2,903 per month in interest payments in addition to $234,500 down, plus a $21,775 origination fee at the closing.
If Lara
then sells the property for $900,000 she will make a total profit of $173,385 after repaying the principle amount and deducting the origination fee and total interest payments.

Loan Example 2

Earline
is a real estate investor and she decides to construct a single family home on a lot in Tallassee, AL.
Because she does not have enough cash to fund the total purchase, she applies for a new construction private money loan from Perfect Funding Company
with the following stipulations:

a) A $330,000 sales price for the lot, b) $350,000 in building costs, c) an 50% loan to value (LTV), d) a 18 month term, e) a 10% rate of interest, and f) a 5 point origination charge.

Earline
wants to list the project when the note expires for $910,000. If she achievs this goal, the final numbers will be as follows:

Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $6 Billion life-to-date in total loan volume to real estate ...

Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States.
They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...

Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States.
They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans.
They ...

Straightline Funding is an Atlanta, GA based private lender. They provide loans throughout Alabama, Georgia, Illinois, North Carolina, and South Carolina. They provide bridge loans, loans for investments properties, new construction loans, cash out loans, fix and ...

Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US.
They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...

Sharestates is a Great Neck, NY based hard money lender. They provide loans in 46 states across the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, fix ...

Island View Private Loan Fund is a hard money lender based in Colorado Springs, CO offering funding in 42 states across the US.
They offer lending solutions for a variety of situations and needs, including fix and flip hard ...

Lima One Capital is a hard money lender based in Greenville, SC providing loans in 40 states across the US.
They offer loans for many different scenarios, including fix-and-flip hard money loans, construction loans, refinancing, and investment property ...

Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States.
They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...

Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new ...

Global Integrity Finance are commercial hard money lenders based in McKinney, Texas. They specialize in hard money loans for commercial properties, bridge loans, fix and flip loans, and construction loans in some cases. They fund all loans using ...

Empire Financial Services is a Tukwilla, WA based hard money lender who offers funding in 16 states across the country.
They offer lending solutions for a variety of situations, including hard money loans for commercial properties, fix and flip ...

Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States.
They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties.
Their loan ...

George Smith Partners is a Los Angeles, CA based hard money lender. They provide loans all throughout the US. They provide loans for a variety of situations and needs, including hard money loans for commercial properties, short term ...

Fund That Flip is private lender headquartered in New York, NY. They offer funding across the country.
They offer fix-and-flip hard money loans, ground-up construction loans, and long term rental property loans.
Their loan guidelines ...

Meridian Capital Group is a New York, NY based hard money lender who offers funding all across the US.
They offer new construction loans, hard money refinancing, commercial loans, and short term bridge loans.
...

Miner Capital Funding is private money lender based in Belleville, IL. They offer funding all across the US.
They offer ground up construction loans, hard money refinancing, long term rental property loans, private commercial loans, short term ...

Dominion Mortgage Corporation is a Los Angeles, CA based private money lender. They provide loans all throughout the country. They offer short term loans, refinancing, private commercial loans, and new construction loans.
They provide rates ...

Huntington Coast Capital is hard money lender based in Huntington Beach, CA. They offer loans throughout the country.
They offer short term loans, cash out hard money loans, commercial loans, and builder loans.
They offer ...

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